Finance Committee to Discuss

USM Four-Year Business Plan and FY 2007 Budget Process

Agenda also includes Quarterly Review of Capital Improvement Projects

ADELPHI, Md. (August 22, 2005) William E. Kirwan, chancellor of the University System of Maryland (USM), will present the framework for a USM four-year business plan. The goal is to achieve continuity and predictability in funding for the state's public higher-education system.

Kirwan will present the proposal at the USM Board of Regents Committee on Finance meeting scheduled to begin at 10:45 am Thursday, August 25. The meeting will be in Room LL02 of the University of Maryland, Baltimore's Health Sciences and Human Services Library at 601 W. Lombard Street.

The proposed four-year business plan approach is based on the university system's commitment to address enrollment growth and ensure quality, moderate tuition increases, diversify fiscal resources, and help the state meet critical workforce needs. It also is based on comprehensive input from the presidents of the system's 13 institutions.

In addition, committee members will discuss the USM budget process for fiscal year 2007. Other items on the finance committee's agenda include:

  • the quarterly review of USM capital improvement projects;
  • USM's Twenty-Fifth Bond Resolution, which would authorize the issuance of $61,500,000 of bonds for approved academic and auxiliary projects;
  • a proposal to delegate the authority to establish policies and guidelines for overseas University of Maryland University College (UMUC) employees to the president of UMUC.

Full agendas and background information will be available at the meeting. Sign language interpreters and/or other appropriate accommodations for eligible individuals with disabilities will be provided upon request. Please call 301.445.2756 (voice) or 301.314.7683 (TTY/ITT) to make special arrangements.

Contact: Anne Moultrie

301.445.2722
E-mail: amoultrie@usmd.edu